How will the IGST be paid?
Question 7
Bill
Overview of the IGST Act
Faq On GST (2nd Edition) Dated 31.3.2017
Q 7. How will the IGST be paid?
Ans. The IGST payment can be done utilizing ITC or by cash. However, the use of ITC for payment of IGST will be done using the following hierarchy, –
• First available ITC of IGST shall be used for payment of IGST;
• Once ITC of IGST is exhausted, the ITC of CGST shall be used for payment of IGST;
• If both ITC of IGS
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